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john silvia, wells fargo managing director and chief economist, john, thanks so much. appreciate it. >> thank you, david. liz: he will be prominently mentioned in those books. david: i think he will. liz: there is growing division between big businesses and small businesses when it comes to personal tax hikes. next off to d.c. for a look who is actually saying they should go up and why and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the me... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save oground shipping at fedex office. liz: the battle nside the beltway over individual tax rates is beginning to trigger a big business versus small busy business tax war. david: whole david and goliath thing going on. peter barnes from the beltway with more. peter. >> david, liz, that's right. you can bet this will be a topic of discussion when speaker boehner and president obama meet in the next
john silvia, wells fargo managing director and chief economist, john, thanks so much. appreciate it. >> thank you, david. liz: he will be prominently mentioned in those books. david: i think he will. liz: there is growing division between big businesses and small businesses when it comes to personal tax hikes. next off to d.c. for a look who is actually saying they should go up and why and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these...
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Dec 13, 2012
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sorry about my rant with john. i was agreeing with john under a way about that. you're a guy that does numbers for a reason. you are more right than anybody out there on your economic calls. calls to the bond market et cetera. what do you make of this deficit fight in d.c.? it seems like a shell game. >> look, have you hit the nail on the head. this is a spending problem, an tax problem. taxes ever depressed because of the cyclical slow down in the economy that we normally expect. the problem is that 23% of gdp plus or minor spending, that's well above the historical numbers and should be closer to 18%. >> how does all of this affect your predictions for 2013? >> well, i mean, look, i think it tells us that the only policy that really matters at this point, is monetary policy. because the reality is whether we have fiscal tightening through a deal or fiscal tightening by going over the cliff. it doesn't matter. and therefore, the entire weight is -- >> or things get better. federal raise rates which is also fiscal tightening. so we have three options, tightening,
sorry about my rant with john. i was agreeing with john under a way about that. you're a guy that does numbers for a reason. you are more right than anybody out there on your economic calls. calls to the bond market et cetera. what do you make of this deficit fight in d.c.? it seems like a shell game. >> look, have you hit the nail on the head. this is a spending problem, an tax problem. taxes ever depressed because of the cyclical slow down in the economy that we normally expect. the...
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john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a crisis caused by a massive industry in real-estate due to policies to seven everybody encouraged to take out a mortgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this? that is left in here and even encouraged because it implies some banks will be bailed out. >> right. when you say the bank is systemic you say it is an institution to big and important and critical to allow to be left 57 they have labeled them systemic. it shows what happens and whitereases the ris the big banksan brow money more cheaply because they think the government will bail them out. >> creditors know they will not be bailed ouif they fail so they give them money at it cheaper rate. >> jpmorgan chase pays $4 interest but t sll bk pays $70 $0.50. they stay small t
john: george w. bush hired 86,000 more regulators. >> banking is one of the most regulated industries if not the most. the problem was not deregulation but we had a crisis caused by a massive industry in real-estate due to policies to seven everybody encouraged to take out a mortgage. there will intended. they crafted the bill. logic says this will protect us? >> dodd/frank does not end the bailout are too big to fail. john: all this? that is left in here and even encouraged because...
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i think not hope being it's a sunny day tomorrow and everything's rosy, but hope in the sense of john mccain hoping he gets through his vails and the prison of war camp, and, you know, being able to deal effectively with adversity. not having defeatist attitude and rising above what's going to happen no matter what. >> what do you think of the corporate lemmings following, okay, hike taxes, we're okay with it. it's like a switch or light went on or off after the election where they are all just full, full, full, go for it. >> well, i dope subscribe to that. that dog doesn't hunt in our world, and i think romney, his platform -- neil: why are they doing it? why do you think they are doing it? to get along with him? >> that get along to go along, reach some kind of compromise, but, again, it's benefiting a small cross section of business versus the majority of the entrepreneurs and franchises like our instrument and go out there and no matter what the economic situation out there, fighting, fighting the good fight. neil: finally, let's say taxes do go up, everyone is worried that we see
i think not hope being it's a sunny day tomorrow and everything's rosy, but hope in the sense of john mccain hoping he gets through his vails and the prison of war camp, and, you know, being able to deal effectively with adversity. not having defeatist attitude and rising above what's going to happen no matter what. >> what do you think of the corporate lemmings following, okay, hike taxes, we're okay with it. it's like a switch or light went on or off after the election where they are...
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john, how did this private and personal meeting between john boehner and the president over the weekend go? do we know? >> we don't know. the white house and speaker's office are both being very disciplined about not disclosing content of the meeting. but i think we can take encouragement from the fact that it took place. this there is some progress an prospect of further progress being made. public and private gain, as you indicated. going to washington to keep pressure on republicans. he believes that is what worked for him ever since the grand bargain talks collapsed in summer of 2011. he campaigned, won reelection. he sees signs of republican cracks in unity about tax rates. bob corker was on our air earlier today, senator from tennessee and said tax rates ought to go up, then we fight about entitlement accounts and the debt limit. i think that's where we are. one thing we need to see from the white house is some sign of what they are willing to give speaker bainer to bring his caucus along on tax rates in terms of entitlement reforms. can't be for nothing. boehner has to be able to
john, how did this private and personal meeting between john boehner and the president over the weekend go? do we know? >> we don't know. the white house and speaker's office are both being very disciplined about not disclosing content of the meeting. but i think we can take encouragement from the fact that it took place. this there is some progress an prospect of further progress being made. public and private gain, as you indicated. going to washington to keep pressure on republicans....
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john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eight hours per month. >> if you hire one more he must be disabled? >> number 16 the next one must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicapped. >> 7% must qualify as disabled. rates of disability are pretty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 months severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years. >> h
john: italy first. if you start a business and keep it small, up that 10 workers you have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, the overwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid...
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. >>> software mowing up john mcafee is back in jill after a brief trip to the hospital. he told the associated press he suffered chest pains but didn't believe he had a heart attack. this happened yesterday just hours after guatemalan officials rejected his bid for asylum. he was arrested for illegally entering the country on wednesday after weeks in hiding. he is a person of interest in the november killing of his american neighbor in belize. >>> a message from metro to some of its drivers, go to bed earlier. >>> what happened when one man tried to pull over a police officer. we'll see it. up next, we'll look at your weather and traffic as well. stay with us. oh, you have a a keurig vue brew? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotter -- with the keurig vue. i just served my
. >>> software mowing up john mcafee is back in jill after a brief trip to the hospital. he told the associated press he suffered chest pains but didn't believe he had a heart attack. this happened yesterday just hours after guatemalan officials rejected his bid for asylum. he was arrested for illegally entering the country on wednesday after weeks in hiding. he is a person of interest in the november killing of his american neighbor in belize. >>> a message from metro to some...
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go in focus with victoria and rich and rick a john and, john why are food stamps going up if unemployment is going down. >> the unemploymeate is gh and that obcures a people who left the work force altogether that are not counted. as for politicians encouraging that, that is a horrifying notion . thidea of going on food stamps is something that should be so painful we only go on tm a brief time so there is an incentive to go back if the work force. >> rick, you have all of the ads and i hear four of them every hour and government volunteers specifically going out to encourage people to get food stamps . ere is it a big push to get people on food stamps. >> i don't think it is it promoting the food stamps but getting information to people who need the so they know they are there to g them. i think there is a lot taking place that we need to recognize. we have surprisingly good news on unemployment. there will be i lag for that and witching off food stamps and get back to work. >> vtoria 15 milli more people on food stamps than four years ago. >> the sry thing to me, it is building over the
go in focus with victoria and rich and rick a john and, john why are food stamps going up if unemployment is going down. >> the unemploymeate is gh and that obcures a people who left the work force altogether that are not counted. as for politicians encouraging that, that is a horrifying notion . thidea of going on food stamps is something that should be so painful we only go on tm a brief time so there is an incentive to go back if the work force. >> rick, you have all of the ads...
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gas prices going up. >> john layfield what do you have? >> disney content and it is a game changer and they have a huge description mod and he will this company is not dead yet. >> asong as the ceo can stay off facebook. >> and if you want to take a high tesk risk. look at akam. they are up the or four points the last week. >> johnathon? >> bankers and banks have the tar kicked out of them and one of them is sfmg. a lot o
gas prices going up. >> john layfield what do you have? >> disney content and it is a game changer and they have a huge description mod and he will this company is not dead yet. >> asong as the ceo can stay off facebook. >> and if you want to take a high tesk risk. look at akam. they are up the or four points the last week. >> johnathon? >> bankers and banks have the tar kicked out of them and one of them is sfmg. a lot o
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john harwood in washington. be sure to tune in tomorrow for c innocence's special fiscal cliff coverage, live from washington. mission critical, rise above d.c., all day long, of course, becky, jim cramer, brian sullivan, maria will be holding lawmakers' feet to the fire in direct interviews about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. earlier on "squawk box," erskine bowles, the co-founder of the fix the debt campaign, co-chair of fiscal responsibility and reform was asked about the progress he thinks both sides were making. >> i think the atmospherics are getting so much better. we've kind of gotten out of the ka kooky theater and gone to dancing the tango with those two guys. any time you start to tango you got a chance. >> joining us this morning from newton, mass, greg manke, economic adviser to the romney campaign, former chair of economic advisers under george w. bush now an economics prof s professor at harvard and ron johnson,
john harwood in washington. be sure to tune in tomorrow for c innocence's special fiscal cliff coverage, live from washington. mission critical, rise above d.c., all day long, of course, becky, jim cramer, brian sullivan, maria will be holding lawmakers' feet to the fire in direct interviews about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. earlier on "squawk box," erskine bowles, the co-founder of the fix the...
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you think that john boehner is making a mistake by rejecting tea party? i think the speaker makes a mistake and the tea party is not a group that embraces serious tangible of government that is traditionally work in this country. there are members of congress who got elected because, in fact, the tea party activists across the country were involved in the election. the tea partiers and outsiders -- i would remind john boehner that there was a time when he was the outsider that was an annoyance to the party leadership. i understand the speaker being annoyed when he has people within his caucus that are committed to a set of principles that they make it hard for him to make easy deals. but i would also remind him that people are not going to forsake their principles for something thats as insignificant and their life as a committee assignment remark that is right. >> if he thinks this is a party discipline, he is sadly mistaken. he often knows that from his own experience as a younger time in his service in congress. charles: representative, it has been set
you think that john boehner is making a mistake by rejecting tea party? i think the speaker makes a mistake and the tea party is not a group that embraces serious tangible of government that is traditionally work in this country. there are members of congress who got elected because, in fact, the tea party activists across the country were involved in the election. the tea partiers and outsiders -- i would remind john boehner that there was a time when he was the outsider that was an annoyance...
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if the richie jody foster he would be john hinckley. he he has got to back off. i'm worried about him. >> bill: well, he does believe that the system is rigged, mcguirk, and that he has got to make it more fair to those who don't have anything. let's give mcguirk the last word and pray that we are not >> let me say, this bill. for us political junkies, the election was like injecting heroin. this fiscal cliff debate is like drinking non-alcohol beer with elephant urine. it's just -- and that's why nobody knows about it. if we don't care about it, the average snow in the schmo in the street that jesse watters is going to interview he doesn't give a damn about it we have got to stop. put your hands up we lost. >> bill: it's so important. thanks very much. factor tip of the day. another web site where you might get some money. the tip 60 seconds away. this d capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really j
if the richie jody foster he would be john hinckley. he he has got to back off. i'm worried about him. >> bill: well, he does believe that the system is rigged, mcguirk, and that he has got to make it more fair to those who don't have anything. let's give mcguirk the last word and pray that we are not >> let me say, this bill. for us political junkies, the election was like injecting heroin. this fiscal cliff debate is like drinking non-alcohol beer with elephant urine. it's just --...
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ambassador susan rice is nominated for secretary of state to replace hillary clinton, senator john mccain said he will be part of theirings. >>> conservative glenn beck is now joining republicans who support gay marriage. he said, quote, it's not whether they should be married or not. the question is why is the government involved in our marriage. >>> former house majority leader dick armey talking on cbs talking about the 2012 election said, quote, we had a lot of candidates, quite frankly, that did dumb things out there. >>> the republican national committee is planning an autopsy on the campaign to exam what worked and what didn't work in 2012. >>> a new politico poll finds that romney supported him by 47% and 650% put romney on their night list. >>> meanwhile the president and his family got in the spirit at the christmas concert with diana ross and koenen o'brien and they got to meet some of the former patients who dressed up as santa's little helper elves. >> release the elves. hey, elf, what's your name. >> olivia. >> everybody look up and say cheese. >> cheese. >> cheese. >> say m
ambassador susan rice is nominated for secretary of state to replace hillary clinton, senator john mccain said he will be part of theirings. >>> conservative glenn beck is now joining republicans who support gay marriage. he said, quote, it's not whether they should be married or not. the question is why is the government involved in our marriage. >>> former house majority leader dick armey talking on cbs talking about the 2012 election said, quote, we had a lot of candidates,...
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john, what do you think of that? >> well, the democrats, neil, obviously, areot interested in cutting at all. they hold entitlements out, even though they are completely broke, between medicare, medicaid, and social security. there's a hundred trillion dollars in unfunded entitlement liabilities. tax the rich a 100% for the next hundred years. they are intent on preserving them, extending them, and creating them, making them larger meani bigger bills and government control. neil: can't they throw a bone to republicans, offer you at the gate, $800 billion in tax hikes? couldn't you throw it back at them, first thing offered, doubling the tax hikes, $1.6 trillion. a clumsy start from the get-go, but i don't see any proposals to match, not the republicans spelled out they get the hikes, but to match the effort to raise taxes. >> well, look, atthe end of the day, this is the theater they put down the marker, no way, no how will we compromise, and the other says no way, no how will we compromise. at the end of the day, th
john, what do you think of that? >> well, the democrats, neil, obviously, areot interested in cutting at all. they hold entitlements out, even though they are completely broke, between medicare, medicaid, and social security. there's a hundred trillion dollars in unfunded entitlement liabilities. tax the rich a 100% for the next hundred years. they are intent on preserving them, extending them, and creating them, making them larger meani bigger bills and government control. neil: can't...
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i applaud like charlie gaerino barack obama's suess, john boehner's success, came in humble beginnings, but neither one of us are doing us a favor. neither one of them are deserving of hero worship in a country falling apart. >> i didn't think we should be hero worshipping the president, what i said he's an admirable man that did great things. >> se, absolutely. >> in this country. i don't agree with his agenda. >> you argue that we haven't lost, to dagen's point we have it in us, but we haven't shown it? >> the lawmakers in washington don't, they're a bunch of gutless weasels who don't-- >> that language there. >> furthermore it's not productive language. >> well, they're not productive, and cticizing me for calling them gutless when that's exactly what they are. >> i'm trying to draw a distinction between-- >> come on. the gutless weasels on the one hand and not doing a good enough job on the other hand, let's cheer them on anday we honor your service, no do a better job. >> yeah i got cheered when i didn't unload the dishwasher when i was a kid instead sent to the corner and sit the
i applaud like charlie gaerino barack obama's suess, john boehner's success, came in humble beginnings, but neither one of us are doing us a favor. neither one of them are deserving of hero worship in a country falling apart. >> i didn't think we should be hero worshipping the president, what i said he's an admirable man that did great things. >> se, absolutely. >> in this country. i don't agree with his agenda. >> you argue that we haven't lost, to dagen's point we have...
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speaker john boehner has to be re-elected. if he does sort of curve to the left and finds his way down the middle, he can almost guarantee he's re-elected; right? >> well, he has to earn the trust of republicans, particularly conservative republicans. if he brings it through and pushes it through, that ruins the republican brand forever. we barely convinced the american people we're against tax increases, but if they pass a tax increases, we're on the road to the minority. that worries members of the conference irrespective of the cliff created, again, by a bad deeing in august 20 # 11 that the american people said don't raise the ceiling, washington raised it, cut spending in the future. that sounds awfully familiar from the white house and out of the speaker and the majority leaders as well. tracy: do you have anied what's -- whatever boehner presented to the white house tonight, do you have any idea what's in the compromise? >> none whatsoever, no details gimp to us, again, undecled cuts, but what i can be certain about, an
speaker john boehner has to be re-elected. if he does sort of curve to the left and finds his way down the middle, he can almost guarantee he's re-elected; right? >> well, he has to earn the trust of republicans, particularly conservative republicans. if he brings it through and pushes it through, that ruins the republican brand forever. we barely convinced the american people we're against tax increases, but if they pass a tax increases, we're on the road to the minority. that worries...
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but, speaker john boehner is sticking to his talking points; at least publically. he's refusing to budge. >> the longer the white house slow walks this discussion, the pa closer we get to this year's fiscal close. >> boehner can blame the president all he wants. the reality is americans want to compromise. a new nbc wall street journal shows 65% want both sides to come together and make a deal. but that's not what's been happening in these talks. president obama made his opening offer, the republicans responded. the president then came back with a counter offer that included some concessions, so far so good. that's how negotiations work. but, then, republicans went the other way. they came back with an offer that was even more out of bounds than the first one. nbc news reports boehner now wants to make the bush tax cuts for the rich permanent. what's he thinking? we're going in the wrong direction in this country when it comes to economic fairness. incomes for the top 20% in this country are now eight times greater than the incomes for the bottom 20%. this inequali
but, speaker john boehner is sticking to his talking points; at least publically. he's refusing to budge. >> the longer the white house slow walks this discussion, the pa closer we get to this year's fiscal close. >> boehner can blame the president all he wants. the reality is americans want to compromise. a new nbc wall street journal shows 65% want both sides to come together and make a deal. but that's not what's been happening in these talks. president obama made his opening...
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with you othis, fair and balanced abo ts wh president bush, he read that relatively clolection with john kerry as a mandate to do all sorts of things, and mandate of the not there i think it was a cas of overreach now, and his president is overreaching now,ifference now is that you have a whole powerful section of the economy, going to along for this ridiculous ride. >> you have to be careful, correct thaidon't think that hat president has ishe result of a huge electoral victory, it was od but not huge, where the hand comesrom is knowing the american people how they feel with respect to increases in taxes butqually as iortant. is how the cuts end upcoming wn, there areoioing to be cuts,ne other thing, charley. neil: do you think thereill be spending cuts ? >> definitely. it is going to happen. it --- it will be historic. il: not partf this deal. >> it will b historic. >> it will happen. neil: opening ga openi gam bet x hikes. >> not hpening. neil: really. >> think about how student this is -- stupid this is, there is no need to raise taxes, you don't get enough money, there is no bang fo
with you othis, fair and balanced abo ts wh president bush, he read that relatively clolection with john kerry as a mandate to do all sorts of things, and mandate of the not there i think it was a cas of overreach now, and his president is overreaching now,ifference now is that you have a whole powerful section of the economy, going to along for this ridiculous ride. >> you have to be careful, correct thaidon't think that hat president has ishe result of a huge electoral victory, it was...
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. >> house speaker john boehner and -- may be willing to take the plunge. doug luzader has more. >> the white house is drawing one line in the sand after another. republicans will give in as we approach the end of the year. >> we can solve this in about a week. it's not that tough. >> the president speaking to business leaders in washington. saying he is willing to make a deal. but his point man on fiscal cliff negotiation struck a much different tone. if republicans don't but specifically tax rates on upper earners the white house is ready to go right over the cliff. >> we see there's no prospect to an agreement that doesn't involve those rates going up on the top 2%. >> largely backs the president on those rates. 48% support the plan to raise them on upper earners compared to 32% of leaving rates unchanged. when it comes to government spending, the gop has the edge. to help balance the budget, spending cuts should take precedence over tax hikes, 46 to 30%. and leaders in congress who met with business leaders say they have already offered to raise tax by
. >> house speaker john boehner and -- may be willing to take the plunge. doug luzader has more. >> the white house is drawing one line in the sand after another. republicans will give in as we approach the end of the year. >> we can solve this in about a week. it's not that tough. >> the president speaking to business leaders in washington. saying he is willing to make a deal. but his point man on fiscal cliff negotiation struck a much different tone. if republicans...
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john har wood is in washington, d.c. with the details on that welcome to the program, john. i would expect that two-thirds of americans might say, the cnbc slogan goes, rice above what is interesting here, the majority of you republicans, 59% say do a deal and 61% of republicans say it is okay to raise tax on those earning more than $250,000. >> well, exactly. what we have seen is that the public has absorbed the idea that the fiscal cliff and going over it would be a very bad thing to do they are looking at what the least bad alternatives r if you look at the "wall street journal" poll, you can see that president obama has the upper harden this in defining what those alternatives -- least bad altern trip. first of all, yet of who do you trust, 38% say they trust president obama to handle the fiscal cliff. that's twice as many as, say, speaker boehner. 14% say both equally. 28% say they don't trust either one of them. then when you look at the specific solutions, you can see that president obama again has the strong hand. when we asked people does the president have a mandat
john har wood is in washington, d.c. with the details on that welcome to the program, john. i would expect that two-thirds of americans might say, the cnbc slogan goes, rice above what is interesting here, the majority of you republicans, 59% say do a deal and 61% of republicans say it is okay to raise tax on those earning more than $250,000. >> well, exactly. what we have seen is that the public has absorbed the idea that the fiscal cliff and going over it would be a very bad thing to do...
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again, we are waiting for speaker john boehner. i mentioned a moment ago that the speakership and job is on the line. he will come out, rich erickson was telling us, the missing ingredient is the spending cuts. the president has not been serious. where do you think we are in all of this? charles: this whole thing came about because of the debt ceiling compromise. now it feels like that entire thing has been flip-flopped. connell: i guess you would not have known all these things back then. charles: hind sight is 2020. what he may be prepared to accept now and what it was then. connell: the president called him up that day. we were actually down in d.c. that day. we thought there was going to be a deal. apparently, behind-the-scenes, the president was saying no. i need the more revenue. the speaker said, forget about it. charles: also, there is a lot of anxiety within the republican party. and lot of conservatives are newer breed. the tea party breed. despite what the media says, the tea party presented a major challenge. it was a s
again, we are waiting for speaker john boehner. i mentioned a moment ago that the speakership and job is on the line. he will come out, rich erickson was telling us, the missing ingredient is the spending cuts. the president has not been serious. where do you think we are in all of this? charles: this whole thing came about because of the debt ceiling compromise. now it feels like that entire thing has been flip-flopped. connell: i guess you would not have known all these things back then....
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. >> the president met with speaker john boehner yesterday. not discussing any details of the conversations, just saying as you said at the top, lines of communications are open. also talking to senate majority leader harry reid today as well. everybody is talking but we don't have a deal yet. tracy: is anybody talking about spending or entitlements, peter? >> they're making it pretty clear. one statement we got from speaker john boehner's office today was that the republicans continue to wait for the president to make specific proposals for cutting spending.3 that is what they want. tracy: we don't sound any closer to me, but again i am skeptical. down in d.c. >> great, thanks. traay: the president is going to @ompromise as peter just said. what are republicans willing to compromise on. we have got to ask mike lee of utah. i am sorry i am so skeptical. 58% of americans don't think we will reach a deal. where do you feel about this right now? >> it is difficult to predict at this point. i don't think anybody wan wantso go off a cliff except th
. >> the president met with speaker john boehner yesterday. not discussing any details of the conversations, just saying as you said at the top, lines of communications are open. also talking to senate majority leader harry reid today as well. everybody is talking but we don't have a deal yet. tracy: is anybody talking about spending or entitlements, peter? >> they're making it pretty clear. one statement we got from speaker john boehner's office today was that the republicans...
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john, i he very youn voic in the background. what is going on down there. >> those are my 20-month-old twins are visiting tonight. those are my hedge against this emotial decline. pe if you yo will by the time i make bad decisions about my finces they will b the to ta care of me. gerri: joh that is sweet. fascinating ory. real interesting stuff. who would have thought, ght? >> yeah. here'she thing too, gerri. th all starts i your mid 50s. some of the mt vulnerable people are experiinced investors in their mid 50s who lose that g instinct tells them, wai a second, this is a bad idea. so be prepared. we've got decas now to manage our finances in retirement as well. gerri: that's right. john thanks for coming on. a pleur to see you. happy holidays to the kids. >> thank you, rri, when we come back, is obama's refusal to compromise on the scal cliff going to hurt your 401(k)? and is the government putting your car at risk? aaa and my nex guest says, yes, they are. we'll tell you how after the bra wi the spark miles card from capital
john, i he very youn voic in the background. what is going on down there. >> those are my 20-month-old twins are visiting tonight. those are my hedge against this emotial decline. pe if you yo will by the time i make bad decisions about my finces they will b the to ta care of me. gerri: joh that is sweet. fascinating ory. real interesting stuff. who would have thought, ght? >> yeah. here'she thing too, gerri. th all starts i your mid 50s. some of the mt vulnerable people are...
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lou: john cruz thank you, we wish you the best of luck. >> thank you. lou: up next, unions supporting, protesters, and some of them a few of them resort to i think that is physical is that a left cross? something you might have missed if you were not watching fox news, that story is next. and coming up tomorrow, fox news, politics digital politic senator chris stirewalt, former u.s. ambassador to united nations, john bolton, and monica crowley among our guests you don't want to miss them. an over confident president perhaps? republicans, self esteem issues and a reserves house speaker, the a-team will bring a little piece to it all, next. lou: the mainstream liberal media, choosing to ignore another story that may portray the left wing coalition, in this country in the negative light. if you were watching the big three networks you would not3 know about the assault. i don't top use the word violence, abc, and cbs and nbc all covered the right-to-work protests, only one hinted there may have been physicality. >> they voice anger. >> protester swarm the g
lou: john cruz thank you, we wish you the best of luck. >> thank you. lou: up next, unions supporting, protesters, and some of them a few of them resort to i think that is physical is that a left cross? something you might have missed if you were not watching fox news, that story is next. and coming up tomorrow, fox news, politics digital politic senator chris stirewalt, former u.s. ambassador to united nations, john bolton, and monica crowley among our guests you don't want to miss them....
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>> the silence seems to be golden, john. remember last week when all the players involved seem to be posturing and positioning and talking about negotiations? not so much, at least in the past few days. we know president obama and house speaker john boehner had a one-on-one meeting, right, on sunday, their first since mid-november. what were the details from that meeting and from the ongoing discussions? they're not really -- both sides are not really being forthcoming with what the substance of those conversations, both sides yesterday, the white house and the republican leadership put out statements. they're essentially the same. i'll read just one from boehner's press secretary. discussions with the white house are taking place but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people.
>> the silence seems to be golden, john. remember last week when all the players involved seem to be posturing and positioning and talking about negotiations? not so much, at least in the past few days. we know president obama and house speaker john boehner had a one-on-one meeting, right, on sunday, their first since mid-november. what were the details from that meeting and from the ongoing discussions? they're not really -- both sides are not really being forthcoming with what the...
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its state legislature did pass the bill, but outgoing democratic governor john lynch veed it. the president's public support of unions today poorly timed for another reason. chrysler's management forced to bow to the united autoworker union as the company rehired 13 employees who had been caught drinking alcohol and smoking marijuana while on the job. rysler's spokesman said the company was forced to respect a union arbitrator's desion. and while the president was in michigan, reports that a chinese auto parts company has purchased bankrupt a123 systems, a batte maker that received more than half of a $250 million taxpayer-funded obama stimulus grant. a123 systems was once heralded by energy secretary steven chu as a success story for amerin manufacturing. the green battery maker blaming weak demand for electric cars for their failure. china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much b
its state legislature did pass the bill, but outgoing democratic governor john lynch veed it. the president's public support of unions today poorly timed for another reason. chrysler's management forced to bow to the united autoworker union as the company rehired 13 employees who had been caught drinking alcohol and smoking marijuana while on the job. rysler's spokesman said the company was forced to respect a union arbitrator's desion. and while the president was in michigan, reports that a...
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tracy: have you seen latest proposal that john boehner gave to the white house yesterday? >> i have not, but i know general outlines, and i do not see movement on real spending cut. certainly not the entitlement reforms we're all hoping for. tracy: what happens then, we go over the cliff. everyone goes in a panic mode. in 't a lot of -- understand that a lot of things will be retro active to january 1st but particular reek havoc on the economy. >> the economy is flying low and slow, turbulence from the congress and the president does not make sense, seems we should come together now, well before the holidays, reself the issue, and i think that a clean credible bridge into next year, that extends tax rates, and sets a firm deadline for fundamental reform, and entitlement reform and addresses some automatic spending cuts, seems that is a reasonable solution. tracy: again, every saying we're miles apartment what do you think it will take to get us there, are the republicans going to have to concede a little? >> i think we have in the issue of tax revenue. which we think econo
tracy: have you seen latest proposal that john boehner gave to the white house yesterday? >> i have not, but i know general outlines, and i do not see movement on real spending cut. certainly not the entitlement reforms we're all hoping for. tracy: what happens then, we go over the cliff. everyone goes in a panic mode. in 't a lot of -- understand that a lot of things will be retro active to january 1st but particular reek havoc on the economy. >> the economy is flying low and slow,...
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neil: what do you think with what john boehner has come up with? that was his opening offer. >> it makes no sense to negotiate with ours when a president has not put a sious offer on the table. we need to remind americans, we do not need to take more money from the economy and give it to incomincompetent politicians and bureaucrats, we're not talking about revenue problem, we have doubled our spending but they' more money, and they want republicans to vote to pay for obama's welfa state, we did not vote for it. neil: you would not -- you would not support a hike in taxes in anyway shape or form? >> no but we will get more revenue if we reform our tax code and a pro-growth way, 3/10 of 1% will generate more revenue than what president obama is taxing about what he says tax the rich, his proposal does not add a drop in the buckie on the our problem. this is not a plan or a solution, this is a political trophy, to the left. and republicans should not go along with it. neil: u know, senator, a pleasure knowing you, i always gauge viewer interest in a p
neil: what do you think with what john boehner has come up with? that was his opening offer. >> it makes no sense to negotiate with ours when a president has not put a sious offer on the table. we need to remind americans, we do not need to take more money from the economy and give it to incomincompetent politicians and bureaucrats, we're not talking about revenue problem, we have doubled our spending but they' more money, and they want republicans to vote to pay for obama's welfa state,...
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. >> who in america is betting on john boehner. >> right now the american people have to be scratching their heads and wondering when is the president going to get serious? >> i think people are scratching their head at why we just had to watch that. >> i'm willing to compromise a little bit. >> boehner does not have unity behind him. >> there is probably a slightly better than 50/50 chance that there will be a deal. >> i don't think there's a republican alive who can stop what is going to happen. >> how about manning up here, mr. president? >> they just have nowhere to go in this debate. >> big labor is furious. >> i actually don't view this as anti-union. ♪ >> not only did our commander in chief sit through this anti-american performance, he was caught on camera shaking his hand. >> why would he even be in the same room with this guy? that to me is scary. ♪ it's the most wonderful time of the year ♪ >>> it is crunch time here in washington. exactly three weeks left to cut a deal before automatic tax increases and spending cuts will send the economy over the fiscal cliff, and ar
. >> who in america is betting on john boehner. >> right now the american people have to be scratching their heads and wondering when is the president going to get serious? >> i think people are scratching their head at why we just had to watch that. >> i'm willing to compromise a little bit. >> boehner does not have unity behind him. >> there is probably a slightly better than 50/50 chance that there will be a deal. >> i don't think there's a...
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now, this may well present a problem for john boehner's caucus, because john boehner sent a letter to the president this week with his own plan, which advocates what just might be the least popular policy in american politics. okay, maybe that's hyperbole. but just be a tiny bit, i mean, mandatory gay marriage, in which every single married straight person had to immediately divorce their spouse, and accept a state-assigned same-gender spouse to replace them would probably be more popular than what john boehner proposed this week. what john boehner is advocating is making medicare available to fewer americans. as it happens, there is brand-new polling out today on how americans feel about the idea of congress using these deficit negotiations to make cuts to medicare. 79% of americans say they do not want congress to touch medicare in these deficit negotiations. 79%. if you want to get specific about john boehner's proposal, what he wants to do to medicare is to raise the eligibility age from 65 to 67. and as it turns out, there is also recent polling on that specific proposal. and it
now, this may well present a problem for john boehner's caucus, because john boehner sent a letter to the president this week with his own plan, which advocates what just might be the least popular policy in american politics. okay, maybe that's hyperbole. but just be a tiny bit, i mean, mandatory gay marriage, in which every single married straight person had to immediately divorce their spouse, and accept a state-assigned same-gender spouse to replace them would probably be more popular than...
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speaker john boehner is pushing the president to offer spending cuts. so with 20 days to grow, is this likely? am i going to be proven right or whong? larry, we are going to avoid the fiscal cliff resection. the white house is acting with impunity right now. and the white house is so far said look, we want to continue talking about one quarter of the president's own architecture. the president said there was a three to one ratio between savings and cuts and revenue. but they have been silent on this. >> little bit of breaking news. >> wow, the studio is shaking. mr. bhoener is at $800 million. no new information on then ti e ti tiltment. i'm suggesting. it is a game of chicken. neither party can afford this kind of recession. after what we've been through we can't take it. if that meanstending the tax cuts so be it. let me accept your premise. but i have to pile on more. something that is worse is a debt crisis. if you have a white house that is committed from going from $16 trillion in debt which is where the obama administration would lead us. what do
speaker john boehner is pushing the president to offer spending cuts. so with 20 days to grow, is this likely? am i going to be proven right or whong? larry, we are going to avoid the fiscal cliff resection. the white house is acting with impunity right now. and the white house is so far said look, we want to continue talking about one quarter of the president's own architecture. the president said there was a three to one ratio between savings and cuts and revenue. but they have been silent on...
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trying to get washington to do something has go10 both sides talking for that to president and speaker john boehner they do not credit me troubling is the lack of follow-through i have to save the world again. >> and i guess i have to talk to the a graphics god what you see is that will stop it on of preside to save humanity but i will report m eigh from the capitain my spandex superhero costum what they look at now thats the two-step process that calls for erred tax hikes now under the threat of another tax hike if they don't borough not snding cuts but the tax hike. isn't that seestration and in reverse? but nothing is getting done and dancer been on how to get it done the right way. weave video doing all sorts ofhings. i do this before the show to limber up. but yohave to get people in gauge in the process? >> exactly. thank you for handling this for usn beha of the taxpayers. the fact is we sent politicians to do job. th are not communicating or successful to get a deal %-the rules that work in busine or real life to not play out innashington. neil: if harry reid did that put thsame? he
trying to get washington to do something has go10 both sides talking for that to president and speaker john boehner they do not credit me troubling is the lack of follow-through i have to save the world again. >> and i guess i have to talk to the a graphics god what you see is that will stop it on of preside to save humanity but i will report m eigh from the capitain my spandex superhero costum what they look at now thats the two-step process that calls for erred tax hikes now under the...
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one question i keep coming up against is the president and john boehner are now supposedly having good, substantive discussions. can boehner bring the troops along? if he agrees with the president, can he get enough tea party republicans behind him to sale the deal? because that wasn't the case back in 2011. and, tony, i have to say, both sides seem to have really -- with all the rhetoric we've had leading up to today, it seems to me that both sides have rallied up their bases and i have questions about whether either of them can deliver. >> yeah. i think it makes it really difficult. jared is right, you know, you talk about each element of what an agreement might be. some of them are really big water fall kinds of issues, right? and the rate issue is a water fall kind of issue. you don't meet in the middle. you have to go over and everybody go off the water fall together. >> wait a second. is there a proposal that could be met which would say we're going to raise income tax rates, but we're not going to go back to 39.6%? maybe 37%. >> it is possible, but still it is movement on margin
one question i keep coming up against is the president and john boehner are now supposedly having good, substantive discussions. can boehner bring the troops along? if he agrees with the president, can he get enough tea party republicans behind him to sale the deal? because that wasn't the case back in 2011. and, tony, i have to say, both sides seem to have really -- with all the rhetoric we've had leading up to today, it seems to me that both sides have rallied up their bases and i have...
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john mcafee back in the u.s. could be he extradited to belize for questioning in connection with the murder of his neighbor? tomorrow morning at 7:00 a. mchlt the story behind the fed's latest move, dallas fed president richard fisher is going to be our special guest. we've got lots of questions for him. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like
john mcafee back in the u.s. could be he extradited to belize for questioning in connection with the murder of his neighbor? tomorrow morning at 7:00 a. mchlt the story behind the fed's latest move, dallas fed president richard fisher is going to be our special guest. we've got lots of questions for him. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right...
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thanks for watching, i'm john stossel. ♪ ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone, how did you find the best one? we have you covered. "welcome to "the willis rport." hello, everybody. i'm gerri willis. tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a way through this regardless of congress and the president. small-business owners in this countr are preparing to hire. join me now, chief u.s. economist for i may just pull one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who say their voices not being heard in this office took with debate. also with us from the weekly standard, steven haze. welcome. great to have you here. i want to start with the conversation in washington and what the speaker had to say about the status of the fiscal here is mr. boehner. >> this
thanks for watching, i'm john stossel. ♪ ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone, how did you find the best one? we have you covered. "welcome to "the willis rport." hello, everybody. i'm gerri willis. tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of...
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lou: john cruz thank you, we wish you the best of luck. >> thank you. lou: up next, unions supporting, protesters, and some of them a few of them resort to i think that is physical is that a left cross? something you might have missed if you were not watching fox news, that story is next. and coming up tomorro fox news, politics digital politic senator chris stirewalt, former u.s. ambassador to united nations, john bolton, and monica crowley among our guests you don't want to miss them. an over confident president perhaps? republicans, self esteem issues and a reserves house speaker, ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. heartburn symptoms causedelieve by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrh
lou: john cruz thank you, we wish you the best of luck. >> thank you. lou: up next, unions supporting, protesters, and some of them a few of them resort to i think that is physical is that a left cross? something you might have missed if you were not watching fox news, that story is next. and coming up tomorro fox news, politics digital politic senator chris stirewalt, former u.s. ambassador to united nations, john bolton, and monica crowley among our guests you don't want to miss them....
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president obama and house speaker john boehner spoke by phone tuesday. after exchanging new proposals, aides confirm the president gave boehner a revised offer on behind, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports suggest the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. which it hasn't done before. in an interview with abc news, the president says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off, american families will be much better off, f we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1, and i'm confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for high-income individuals. >> and you can see president obama's full inter
president obama and house speaker john boehner spoke by phone tuesday. after exchanging new proposals, aides confirm the president gave boehner a revised offer on behind, reducing his demand for new tax revenue from $1.6 trillion to $1.4 trillion over ten years. boehner responded with a plan that largely sticks to his original offer a week ago. reports suggest the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. which it hasn't done before. in...
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speaker john boehner saying discussions are taking place. liz: maybe the fact they're keeping quiet may mean something is really going to happen. keep dreaming. >> does politics have to watch out what is happening in silicon valley. apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instead of sitting across from each other playing and outbidding one another, we will work together and co-compete for these and work together to get these patents for both of us. something to watch. liz: not all patents are equal. they will start dealing and wheeling. >> it all looks kosher right now, but i'm sure it is not. liz: what about the flash cube patent. dennis, what about you? >> mayor bloomberg could be in for holiday shopping. bloomberg media company may want to buy the financial times. any deal more for prestige and profits. preservation down 30% in four years, 300,000. yet bloomberg is a hungry acquirer
speaker john boehner saying discussions are taking place. liz: maybe the fact they're keeping quiet may mean something is really going to happen. keep dreaming. >> does politics have to watch out what is happening in silicon valley. apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instead of sitting across from each other playing and...
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house speaker john boehner says that deal fell short. speak of the president's plan to avert the fiscal cliff still does not meet the two standards as laid out the day after the election. the plan does not fulfill his promise to bring a balanced approach to solving this problem. >> it is not a realistic position to say that we can resolve this by extending tax cuts for the wealthiest americans and vaguely promising that we will lean additional revenue by closing loopholes and counting deductions in a way everyone knows is unrealistic. >> republicans continue to refuse to raise tax rates on wealthier families, the official claims a concession would open a pathway to a deal, however republicans and democrats are still hundreds of billions of dollars apart on how large of a tax increase congress should pass and how much spending it should cut. thank you. david: this time their representatives of utility companies saying tax hikes, find out which ones could kill the stocks. find out why would we talk to two of the ceos live from d.c. liz: an
house speaker john boehner says that deal fell short. speak of the president's plan to avert the fiscal cliff still does not meet the two standards as laid out the day after the election. the plan does not fulfill his promise to bring a balanced approach to solving this problem. >> it is not a realistic position to say that we can resolve this by extending tax cuts for the wealthiest americans and vaguely promising that we will lean additional revenue by closing loopholes and counting...
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they vote presnt and let the president and democrats on the issue or whether they free up -- whether john boehner frieze of members of congress to vote for some kind of a compromise that would include a rise in rates on the wealthy. i don't know what the mechanisms will be, but you have the negotiations taking place on the one hand, and on theother hand you have negotiations on all the st of the stuff which is likely to be lumped into some kind of an omnibus bill a series of bills at the end of the year struck the last minute to bail us out of this isue. likely to include a bunch of unattractive add-ons, last minute things, and it will be the kind of agreement, the kind of negotiation that leaves the rest of america, the heartland, as you say, even more disaffected with the ways that washingt is doing business. looks like the way that washington is going to be doing business frohere forward. gerri: to you. you watch this. you must be disbelieving. the length of time these things take. very important jobs numbers and the jobless rate in down to 7%. but what is astonishing about that report
they vote presnt and let the president and democrats on the issue or whether they free up -- whether john boehner frieze of members of congress to vote for some kind of a compromise that would include a rise in rates on the wealthy. i don't know what the mechanisms will be, but you have the negotiations taking place on the one hand, and on theother hand you have negotiations on all the st of the stuff which is likely to be lumped into some kind of an omnibus bill a series of bills at the end of...